T7 Global rises after bagging contracts worth RM400m in Thailand

T7 Global rises after bagging contracts worth RM400m in Thailand
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KUALA LUMPUR (Sept 20): Shares in T7 Global Bhd rose 1.56% in the mid-morning on Tuesday (Sept 20) after the company secured contracts worth about RM400 million in Thailand.

At 9.53am, T7 had added half a sen to 32.5 sen, with 413,800 shares traded.

In a bourse filing on Monday, the group said its unit Tanjung Offshore Services Sdn Bhd had inked charter and operation and maintenance contracts with Busrakham G11 Ltd for the provision of leasing, operations and maintenance of a mobile offshore production unit in the Nong Yao Field, Southern Gulf of Thailand.

T7 said the duration of the contract is fve years, with an extension of two years.

The group said the contract will contribute positively to its earnings for the financial periods during the duration of the project.

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T7 Global wins contract worth RM400m in Thailand